Article: Expected Value In Holdem Poker
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Expected Value In Holdem Poker
A successful Texas hold em player is one who maximizes his return or minimizes his loss with each decision he makes. Expected value (EV) is essentially the amount one would expect to win or lose if this decision were to be repeated millions of times. (rememer your precalculus "limit as n goes to infinity"??? didn't think so!)
Every poker decision, whether it be to bet, raise, check/call, check/fold, check/raise has an expectation of success or failure. Those that will lose you money in the long run are said to have negative expected value (-EV). Folding always has an expected value of zero. You will never gain or lose money by folding. Folding, though it has an EV of zero, may often be your best decision from an EV perspective.
Let's look at a few examples. Ex...
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